Monolithic Power Systems Inc. (MPWR) VP Sells $491,555.01 in Stock
Monolithic Power Systems Inc. (NASDAQ:MPWR) VP Saria Tseng sold 6,319 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $77.79, for a total value of $491,555.01. Following the sale, the vice president now owns 282,731 shares in the company, valued at approximately $21,993,644.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Saria Tseng also recently made the following trade(s):
- On Monday, August 22nd, Saria Tseng sold 5,653 shares of Monolithic Power Systems stock. The stock was sold at an average price of $75.25, for a total value of $425,388.25.
Monolithic Power Systems Inc. (NASDAQ:MPWR) opened at 77.79 on Friday. Monolithic Power Systems Inc. has a 52-week low of $55.05 and a 52-week high of $82.59. The firm has a market cap of $3.16 billion, a P/E ratio of 70.08 and a beta of 1.35. The stock has a 50 day moving average price of $78.26 and a 200 day moving average price of $72.09.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Monday, October 31st. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company earned $106.50 million during the quarter, compared to the consensus estimate of $105.98 million. Monolithic Power Systems had a return on equity of 11.80% and a net margin of 12.44%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. Equities analysts predict that Monolithic Power Systems Inc. will post $2.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.80 annualized dividend and a yield of 1.03%. Monolithic Power Systems’s payout ratio is 72.73%.
A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock valued at $102,000 after buying an additional 650 shares during the last quarter. Barclays PLC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $104,000. Advisor Group Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $133,000. Tower Research Capital LLC TRC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $154,000. Finally, BlackRock Inc. boosted its position in shares of Monolithic Power Systems by 24.2% in the first quarter. BlackRock Inc. now owns 2,569 shares of the company’s stock valued at $164,000 after buying an additional 501 shares during the last quarter. 97.87% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on MPWR. Needham & Company LLC reiterated a “buy” rating and set a $76.00 target price (up previously from $68.00) on shares of Monolithic Power Systems in a report on Wednesday, July 27th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Monday, September 12th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 1st. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $88.00 price target on shares of Monolithic Power Systems in a research report on Wednesday, November 2nd. Finally, Summit Redstone reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Monday, October 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Monolithic Power Systems currently has a consensus rating of “Buy” and an average target price of $81.00.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.
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